Indian startups breathe easy as withdrawal limit for SVB lifted
The US regulator, the Federal Deposit Insurance Corporation (FDIC), has announced that all depositors of Silicon Valley Bank will be able to access their money beginning Monday. This move is expected to provide some relief to startups, which have been scrambling to find ways to retrieve their deposits stuck with the California-based lender. Indian startups' exposure to SVB is estimated to be in the range of $2.5-3 billion.
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